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Alex Puig, founder of Context Protocol, discussed the transformative potential of blockchain for data ownership and verification, emphasizing the need for verifiable data in AI systems. He highlighted the role of semantic data in achieving interoperability and trust, while also addressing challenges in data management for businesses and local governments. Meanwhile, Leona Hioki of INTMAX introduced stateless zero-knowledge rollups, which enhance privacy and scalability by shifting computation off-chain, promising a lightweight infrastructure for blockchain applications.
Bitcoin's recent drop below $97,000 triggered $1.57 billion in liquidations, with $1.39 billion in long positions affected, marking the highest liquidation since September 2021. The concentration of liquidations around the $97,700 mark indicates overconfidence among traders anticipating a price surge past $100,000. This steep decline in leveraged long positions suggests a potential for short-term recovery as sell-side pressure diminishes.

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